Yes. Currently BCT provides 3 voluntary contribution plans: "Standard voluntary contribution", "Special Voluntary Contribution"(SVC) and "Tax Deductible Voluntary Contribution"(TVC) for the self-employed persons. For details, please contact our MPF Experts at 2298 9888 (Office hours: Monday to Friday from 9:00am to 6:00pm).
| Voluntary Contributions (VC) | Special Voluntary Contributions (SVC) | Tax Deductible Voluntary Contributions (TVC) | |
|---|---|---|---|
| Scheme Selection |
Chosen by self-employed person |
||
| Payment Method |
Fixed contribution amount based on your income |
Directly contributed by member to MPF scheme |
|
| Payment Flexibility |
Regular contribution schedule |
Can make regular or one off payment |
|
| Tax Deductible |
N/A |
Counted as a deductible item (up to the annual limit as stipulated by the Government) | |
| Withdrawal Conditions | According to own needs | Same condition as MPF Mandatory Contributions | |
| Transfer of MPF Benefits | Can transfer with mandatory contribution to other MPF scheme | Cannot be transferred | May at any time choose to transfer in lump sum to another MPF Scheme that offer TVC |